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Student-founded Textbook Platform Raises $4.2 Million

Aug 30, 2018

When Rhodes scholar David Sherwood dropped out of his fully funded PPE degree in his second year at Oxford to start Bibliotech, he knew there was a market for online textbooks. Four years later, the platform serves more than 22 institutional clients including the Universities of Oxford, Bath, and Manchester. The company also works with more than 2,000 publishers including Pearson and McGraw Hill.

In its latest asset raising round, Bibliotech has raised more than $4.2 million from investors to expand its London and Chicago operations.

Bibliotech is an e-textbook platform providing students and institutions instant online access to course materials in an affordable, flexible way. It also incorporates tools to accelerate learning. These tools include the capability to suggest parts of books relevant to a topic, much like entertainment streaming platforms provide personalization and suggestions for users.

Leading the investment round is the family office of co-founder and former CEO of indeed.com, Paul Forster, as well as former CEO and co-founder of Qunar, Fritz Demopoulos. In addition, VC fund Oxford Sciences Innovation (OSI) is increasing its investment, as is the University of Oxford’s Innovation Fund.